Asian markets rose Wednesday (Nov 23) but traders flitted between hopes for a halt in sharp US interest rate hikes and concern that a surge in China’s Covid cases will see officials impose more painful lockdowns.
Wall Street enjoyed a timely rally thanks to healthy retailer earnings and ahead of the holiday shopping season that starts this week, amid signs US consumers — the economy’s key driver — remain resilient to higher borrowing costs and inflation.
A string of data in recent weeks suggests the US Federal Reserve’s long-running monetary tightening campaign is beginning to bite as parts of the economy slow, giving heart to investors who see that as giving officials room to tone down their hawkishness.
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.